Diamond Market Sees Price Surge Amid New Material Applications

The diamond market, which had been quiet for some time, is experiencing a significant price increase. According to Jin10, several leading diamond companies in China have recently raised their product prices, with industrial diamonds and lab-grown diamond roughs seeing a rise of 10% to 15%. This price hike reflects an improvement in the industry's supply-demand dynamics and highlights the expanding application potential of diamonds as new materials in the wave of chip integration. As leading companies venture into new application areas such as chip cooling, diamonds are shedding their traditional cyclical commodity label and transitioning into the high-growth new materials sector.